Granite Point Mortgage Trust (GPMT) Reports Q4 Loss, Misses Revenue Estimates
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Granite Point Mortgage Trust (GPMT) reported a Q4 loss of $1.98 per share, missing the Zacks Consensus Estimate of a $1.58 loss. This is a significant decline from the $0.14 earnings per share reported a year ago.
February 14, 2025 | 12:30 am
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Granite Point Mortgage Trust reported a larger-than-expected Q4 loss of $1.98 per share, missing the Zacks Consensus Estimate of a $1.58 loss. This marks a significant decline from the previous year's earnings of $0.14 per share.
The reported loss of $1.98 per share is significantly worse than the expected loss of $1.58, indicating a negative surprise for investors. The comparison to last year's earnings of $0.14 per share highlights a substantial decline in performance, likely leading to short-term downward pressure on the stock price.
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